Liquid Diamonds operates a B2B diamond and jewelry sourcing platform that aims to bring price transparency and liquidity to the diamond market by enabling fast fair-market purchases and instant inventory liquidation for suppliers. The platform is powered by a patented universal continuous double auction technology that puts suppliers into open competition to ensure buyers get the best price. On the supply side the company offers a SaaS-based pricing co-pilot that helps suppliers price diamonds competitively using AI and machine learning. The startup has offices in New York and Mumbai and was founded by Kashyap Mehta, Mark Molloy and Chetan Gupta. It raised Rs. 9 Crores ($1.1M) and intends to use the funds to expand operations and broaden its business reach. The product focus and recent funding position the company to scale its marketplace and pricing tools.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

May 2024